Question: Management provides the current balance sheet below. In planning for next year they are making the following assumptions Sales will increase by 25% Net income

Management provides the current balance sheet below. In planning for next year they are making the following assumptions

Sales will increase by 25%

Net income is projected to be $1,770

The plan will require an addition to PPE of $2,000

The firm pays a dividend 30%

Calculate the amount of additional funds needed.

.

Select one:

a. $1,601

b. $3,290

c. $1,580

d. $2,021

Management provides the current balance sheet below. In planning for next year

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